Is this the end of the bear market?
Bitcoin’s price has bounced back to over USD 10,000 since late March with surging institutional demand being the main driver for Bitcoin’s revival. We witnessed a number of interesting trends in H1 2019. Initial exchange offerings (IEO) caught widespread attention following the token sale of BitTorrent (BTT) on Finance Launchpad. This is the latest battlefield for crypto exchanges as they are rushing to launch their IEO platforms. Tech giants are racing for the leading vendor of blockchain-as-a-service (BaaS) platform with Amazon Web Services and Microsoft launching their managed blockchains.
Consensus as-a-service (CaaS) can be the next tech trend to watch when IBM is heading H1 2019 marks the beginning of “Enterprise digital currencies”, with JP Morgan and Facebook launched their own digital currency and the vision of denationalization of money seems to become a reality. These and the key regulatory trends of H1 2019 are summarized in Blockchain News’s 2019 H1 Review.